VF Corporation (NYSE:VFC) Given Average Rating of “Hold” by Analysts

VF Corporation (NYSE:VFC) has been given a consensus rating of “Hold” by the nineteen brokerages that are currently covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have issued a buy rating on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $17.24.

A number of analysts recently commented on VFC shares. JPMorgan Chase & Co. decreased their price objective on shares of VF from $17.00 to $16.00 and set a “neutral” rating on the stock in a report on Monday, September 16th. Citigroup upgraded VF from a “neutral” rating to a “buy” rating and upped their price target for the stock from $11.00 to $20.00 in a report on Thursday, July 18th. Barclays raised VF from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $19.00 to $22.00 in a report on Wednesday, September 18th. TD Cowen upped their target price on VF from $9.00 to $16.00 and gave the company a “hold” rating in a report on Tuesday, August 6th. Finally, Wedbush reaffirmed a “neutral” rating and set a $13.00 price target on shares of VF in a research note on Monday, August 5th.

Insider Transactions at VF

In related news, Director Richard Carucci purchased 15,000 shares of the company’s stock in a transaction that occurred on Thursday, August 22nd. The stock was purchased at an average price of $16.70 per share, with a total value of $250,500.00. Following the completion of the transaction, the director now owns 230,178 shares of the company’s stock, valued at approximately $3,843,972.60. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.70% of the company’s stock.

Institutional Trading of VF

Institutional investors and hedge funds have recently made changes to their positions in the company. Mather Group LLC. purchased a new stake in VF during the first quarter valued at about $27,000. Future Financial Wealth Managment LLC purchased a new stake in shares of VF during the 1st quarter worth about $31,000. Bank & Trust Co purchased a new position in VF in the second quarter valued at approximately $35,000. Versant Capital Management Inc grew its stake in VF by 6,981.1% during the second quarter. Versant Capital Management Inc now owns 2,620 shares of the textile maker’s stock worth $35,000 after buying an additional 2,583 shares during the period. Finally, Northwest Investment Counselors LLC purchased a new position in shares of VF in the 1st quarter valued at $39,000. 86.84% of the stock is currently owned by institutional investors and hedge funds.

VF Stock Performance

NYSE VFC opened at $16.70 on Friday. The stock has a market capitalization of $6.50 billion, a price-to-earnings ratio of -5.53, a PEG ratio of 1.99 and a beta of 1.53. The business’s 50 day moving average is $18.53 and its two-hundred day moving average is $15.50. VF has a 12-month low of $11.00 and a 12-month high of $21.40. The company has a current ratio of 0.99, a quick ratio of 0.51 and a debt-to-equity ratio of 2.84.

VF (NYSE:VFC) last released its quarterly earnings data on Tuesday, August 6th. The textile maker reported ($0.33) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.37) by $0.04. The firm had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $1.85 billion. VF had a positive return on equity of 11.75% and a negative net margin of 11.39%. VF’s revenue was down 8.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.15) earnings per share. Research analysts expect that VF will post 0.73 EPS for the current year.

VF Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 18th. Stockholders of record on Tuesday, September 10th were paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.16%. The ex-dividend date was Tuesday, September 10th. VF’s dividend payout ratio is currently -11.92%.

About VF

V.F. Corporation, together with its subsidiaries, engages in the design, procurement, marketing, and distribution of branded lifestyle apparel, footwear, and accessories for men, women, and children in the Americas, Europe, and the Asia-Pacific. It operates through three segments: Outdoor, Active, and Work.